Lots of current development and redevelopment / revitalization beginning in the neighborhood. Picking up mixed use / dense zoning for $47 / land square foot is amazing, when you go just one mile on the other side of Sheridan and will be paying $80 - $90 / land square foot. Lot is 6,862 land square feet. Development WILL move west and south from Highlands / Sloans Lake. This is a prime early opportunity. Great zoning with mix of commercial and residential and upward building mobility (45 ft height maximum - four floors). Great fix and flip. Great future development. Great hold and rent or hold and sell. Great place to live in dynamic and changing area. I was trying to build a bigger land position for redevelopment on this block, but have been more successful across the street. House is currently rented so please do not disturb the tenant. Great piece of land for redevelopment with great holding rental cash flow ($1,300 - $1,500 / month). Located in a Federally Designated Opportunity Zone if looking for OZ investors. House is 1,026 square feet. 2 bedrooms. 1 bathroom. Detached garage. Backyard. Currently rented. Lease is month to month. Two blocks from Lamar West Light Rail Station. Lots of new redevelopment beginning on W. Colfax. Public transit options great. Bike Path availability great. Lakewood park and community garden two blocks away.
Courtesy of USRealty.com, LLP
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